The HS Code 05071000 refers to ivory, ivory powder, and waste. This code is used to classify these products for international trade purposes. In this article, we will explore the details of this HS code, including its description, tariff rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The product covered by HS Code 05071000 includes ivory, ivory powder, and waste. Ivory is a valuable material derived from the tusks of elephants and other animals. It is often used in the production of jewelry, ornaments, and decorative items. Ivory powder refers to finely ground ivory, which can be used in various industries, including cosmetics and pharmaceuticals. Waste refers to any by-products or residues generated during the processing or manufacturing of ivory products.
The bound / MFN (Most Favored Nation) duty rate for HS Code 05071000 is free. This means that no duty or tariff is imposed on the import or export of these products between countries. It is a principle of international trade that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 05071000 is kilograms (KG). This unit is used to measure the weight or mass of ivory, ivory powder, and waste during international trade transactions. It provides a standardized measurement that allows for accurate calculation of quantities and prices.
HS Code 05071000 is eligible for various special tariff preference programs. These programs provide specific benefits or exemptions from duties for certain countries. The following countries have been identified as eligible for special rates:
These special tariff preference programs aim to promote trade and economic cooperation between countries by providing preferential treatment to certain goods or services.
When it comes to the import and export of products classified under HS Code 05071000, it is essential to consider the specific US states involved. In the case of ivory, ivory powder, and waste, the importing US state is South Dakota. This means that the products falling under this HS code can be legally imported into South Dakota.
The exporting US states are not specified in the provided data. However, it is important to note that the export of ivory and ivory products from the United States is heavily regulated due to international efforts to protect endangered species and combat illegal wildlife trade. Therefore, before exporting such products, it is crucial to comply with all relevant laws and regulations.
HS Code 05071000 encompasses ivory, ivory powder, and waste. It is important to understand the details of this code, including its product description, tariff rates, quantity unit, special tariff preference programs, and the involved US states, to ensure compliance and facilitate international trade.